The Value of Billing Transformation in an Economic Downturn
To cope and thrive through the economic downturn, service providers look to reducing the cost to serve and generating new revenues even more. Service Providers' billing infrastructure is a key imperative for both strategies.
To address cost reduction, service providers must look at two main drivers:
Charging and Billing System Consolidation: Service providers can significantly reduce operating costs by consolidating all billing systems into a single charging and billing system that provides real-time charging for all services and users.
Productization and Modernization: Providers can reduce the cost to serve with a modernized charging and billing system that adopts a true product approach having a rich set of out-of-the-box functionality and designed on industry specific business processes to shorten implementation time and reduce risk.